RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Customs Records N47.4 Billion Revenue on Importation in Nine Months of 2023

Stephen Akudike by Stephen Akudike
September 21, 2023
in Economy
Reading Time: 2 mins read
A A
0
Customs Records N47.4 Billion Revenue on Importation in Nine Months of 2023
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Nigeria Customs Service’s Oyo/Osun Area Command has achieved a significant milestone by collecting an impressive N47.4 billion in revenue from importation between January and September of 2023. This remarkable accomplishment was proudly announced during the official handover ceremony at the command’s headquarters in Ibadan, Oyo State.

During the ceremony, the outgoing Customs Area Comptroller of the command, Babajide Jaiyeoba, shared this extraordinary achievement, highlighting the dedication and hard work of the command’s personnel. Alongside the outstanding revenue collection, Jaiyeoba also revealed that the command had successfully seized prohibited goods with a combined duty-paid value of N308 million over the course of the past nine months. He further noted that the command, under his leadership, not only met but exceeded the revenue target set for 2022.

AlsoRead

Net FX Flows Hit $22.5 Billion in Q2 2026, Highest Since Late 2019

Nigeria’s Stability Score Stands at 4.3 as Security Rating Slips to 1.6

NGX Extends Losses as Investors Shed ₦103.60 Billion

In his address, Jaiyeoba expressed heartfelt gratitude to the officers and staff of the command, acknowledging their professionalism, cooperation, and unwavering commitment. He emphasized that these qualities were instrumental in the command’s ability to achieve its objectives and surpass revenue targets. He concluded by urging all officers to maintain their teamwork and dedication, ensuring that they operate within the bounds of the law and extend the same level of cooperation to his successor.

Assuming the role of the incoming Comptroller of the Oyo/Osun Area Command, Ben Oramalugo, underscored the core responsibilities of customs officers, which include revenue generation, trade facilitation, and the suppression of smuggling activities. Oramalugo affirmed his commitment to upholding these mandates, emphasizing their vital role in the command’s operations.

He earnestly called upon all officers to extend to him the same level of cooperation and support that had been generously given to his predecessor, Babajide Jaiyeoba. Oramalugo stressed that such collaboration was pivotal in achieving the command’s set objectives and in striving for even greater accomplishments in the future.

The remarkable achievement of the Nigeria Customs Service’s Oyo/Osun Area Command in collecting N47.4 billion in revenue from importation during the first nine months of 2023 reflects the dedication of its personnel and their commitment to their roles in trade facilitation, revenue generation, and the enforcement of customs regulations. These accomplishments also underscore the command’s positive contribution to regional economic stability and security.

Tags: Babajide JaiyeobaBen Oramalugocustoms enforcementeconomic contributionsfiscal performanceimportationNigeria CustomsNigerian customs regulations.Oyo/Osun Area Commandrevenue collectionsmuggling suppressionTrade Facilitation
Previous Post

Nigerian Naira Hits Record Low at 980/$: BDC Operators Condemns Situation

Next Post

Sam Bankman Manipulated Bitcoin’s 87% Drop in 2021- Ex Employee

Related News

The US dollar’s international dominance slowly being eroded.

Net FX Flows Hit $22.5 Billion in Q2 2026, Highest Since Late 2019

by Stephen Akudike
October 26, 2026
0

Nigeria’s net foreign exchange flows rose to $22.50 billion in the second quarter of 2026, the strongest quarterly reading since...

South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

Nigeria’s Stability Score Stands at 4.3 as Security Rating Slips to 1.6

by Jide Omodele
October 26, 2026
0

Nigeria posted an overall Stability Score of 4.3 out of 10 in August 2026, with security emerging as the weakest...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX Extends Losses as Investors Shed ₦103.60 Billion

by Stephen Akudike
October 23, 2026
0

The Nigerian Exchange closed lower on Thursday, 22 October 2026, as profit-taking in selected stocks extended the previous session’s decline....

Dangote Cement to pay N340 dividend to shareholders.

Cement Prices in Abuja: HBM Cheapest at ₦12,600 as Dangote Tops ₦13,100

by Victoria Attah
October 23, 2026
0

A standard 50kg bag of cement is currently trading at different price points in Abuja, with HBM Elephant listed as...

Next Post
Sam Bankman Manipulated Bitcoin’s 87% Drop in 2021- Ex Employee

Sam Bankman Manipulated Bitcoin’s 87% Drop in 2021- Ex Employee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

The US dollar’s international dominance slowly being eroded.

Net FX Flows Hit $22.5 Billion in Q2 2026, Highest Since Late 2019

October 26, 2026
South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

Nigeria’s Stability Score Stands at 4.3 as Security Rating Slips to 1.6

October 26, 2026

Popular Story

  • South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

    Nigeria’s Stability Score Stands at 4.3 as Security Rating Slips to 1.6

    0 shares
    Share 0 Tweet 0
  • Banks Brace for ₦2.86 Trillion Liquidity Boost as OMO Bills and FAAC Payouts Approach

    0 shares
    Share 0 Tweet 0
  • Net FX Flows Hit $22.5 Billion in Q2 2026, Highest Since Late 2019

    0 shares
    Share 0 Tweet 0
  • Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    0 shares
    Share 0 Tweet 0
  • Cement Prices in Abuja: HBM Cheapest at ₦12,600 as Dangote Tops ₦13,100

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>